FilingReader Intelligence
Sarla Performance Fibers faces ₹41.6bn GST demand and penalty
July 31, 2025 at 02:09 PM UTC•By FilingReader AI
Sarla Performance Fibers Limited received an order from GST authorities in Surat demanding ₹20.8bn for alleged wrongful IGST refund of ₹9.4bn and unutilized ITC refund of ₹11.3bn.
An equal penalty of ₹20.8bn was imposed under the CGST Act, plus applicable interest. The company said it acted in good faith and intends to pursue legal recourse, anticipating no material financial impact at this stage.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:SARLAPOLY•Bombay Stock Exchange
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